10acres of bare ground in an area zoned commercial/office.

Streets and utilities are in the street.

Price is $6per square foot.

Holding time: 5 years.

How many square feet are in your parcel?What is its market value (asking price total)?

Listany costs that you have in a) holding the land?b) developing the land for a large office building? (you do not have to build the buildiing)

15% annual return on your land, what will you have to sell the land for in 5 years? (Per square foot, not including any costs)

(b) for a 15% total return? (per square foot, not including any costs)